They've taken a new position in News Corp - sounded a bit bizarre to me when I first heard this, but the rationale sounds logical enough. |
OCI is at an all time high I see yet still well below its NAV. |
htTPs://www.assetvalueinvestors.com/agt/content/uploads/2023/04/AGT-March-2023.pdf |
hTTps://www.trustintelligence.co.uk/articles/fund-profile-avi-global-apr-2023 |
I started to put a bit into Japan directly some years ago, mostly with AJOT and of course still indirectly with AGT.
Japan is not doing badly but it has not been roaring either, despite all the talks of being undervalued for years or decade. Of course, the day I give up and sell I know AJOT and the rest will shot up 20% within days, so I hold. :) |
..........the Economist runs a ‘Big Mac’ index, comparing the cost of a Big Mac in different countries. It implies that the yen is more than 40% undervalued versus the dollar. |
This has now overtaken SMT as the best performing global investment trust over 3y (both NAV and share price returns). No reason for this still be trading on a 9% discount. |
Noted:
As a result of the review, the Board of Directors of FEMSA has approved a series of actions and divestitures conducive to achieving this strategic focus within the next 24 to 36 months:
Divestiture of Heineken investment, subject to market conditions. FEMSA-appointed directors will resign from the Heineken Boards.
FEMSA will explore strategic alternatives for Envoy Solutions, FEMSA’s other minority investment, and other non-core, non-strategic business units.
FEMSA will seek to reduce its existing debt to achieve a target leverage of approximately 2x Net Debt/EBITDA ex-KOF1, maintaining a solid investment grade credit rating.
Capital in excess of that required for organic and inorganic growth in our core business verticals will be returned to FEMSA shareholders over time. |
certainly AGT has a nice uptrending chart but such a slow mover and I use CFDs which means overnight financing charges . I hate stamp duty if buying the shares and prfer shares where no SD payable such as S32, GLEN , PLUS etc |
AVI GLOBAL TRUST: Seeking out value others have missed and avoiding buying shares in big name growth stars like Amazon or Applehttps://www.thisismoney.co.uk/money/investing/article-11661025/AVI-GLOBAL-TRUST-952m-fund-seeks-value-missed.html |
hTTps://citywire.com/investment-trust-insider/news/avi-japan-gears-up-to-invest-in-stock-with-100-upside/a2407014?re=105034&refea=252901 |
We might offload some of it and take some winnings.
Good news either way as AGT is relatively heavy in OCI.
This could put us back over 200p again soon. |
OCI just jumped to an all time high. |
And by the IC - |
Picked again by Kepler as one of their favourites for 2023 |
AGT’s double discount is around the widest it has been since the aftermath of the 2008 crisis… |
One of our holdings gets a mention here - |
They're certainly keen on private equity having added Brookfield, along with existing positions in KKR, Apollo and Oakley (plus their PE funds basket that they previously mentioned). |
As the URL says:
It gives the list of PE funds in the basket and their percentages. |
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